Marifil Mines Ltd.

Marifil Mines Ltd.

February 02, 2011 09:30 ET

Marifil Mines Ltd.: San Roque Drilling to Begin in March

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2011) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces that NovaGold Resources Inc. ("NovaGold") will begin drilling on the San Roque property in March 2011. NovaGold has received all necessary drilling permits and the drill contract is in place.

San Roque is a 70,000 hectare property containing a large sulphide system defined by an induced polarization ("IP") survey and widespread drilling over an area measuring at least 3 kilometres by 4 kilometres. This area is the site of a coincident lead-zinc-gold-silver anomaly in soils. Marifil believes this mineralization lies within a collapsed caldera or diatreme (a breccia-filled volcanic vent formed by gaseous explosives) structure. Base and precious metal mineralization occurs throughout the sequence of volcanic rocks and also extends into the older underlying basement schists.

"Marifil is modeling San Roque's sulphide system after that of Goldcorp's Penasquito deposit in Mexico, which contains over 18 million ounces of gold and a billion ounces of silver," stated Richard Walters, Executive Vice-President of Marifil Mines. "We are excited to see the drill program moving ahead and look forward to seeing the results later this year."

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

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Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections, the potential to identify new resources or expand existing resources at the San Roque project, and the geologic similarity to other projects. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR ( or at Marifil's website (

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